676                         LAWS OF MARYLAND.                  [CH. 253

by the Treasurer of the State and countersigned by the Comp-
troller of the Treasury, and shall bear interest at the rate fixed
by resolution of the said Board of Public Works, payable
semi-annually; and any portion or all of said certificates may
be registered, or not registered, and the said certificates, or any
portion thereof, shall have interest coupons attached, or said
certificates, or any portion thereof, shall not have interest
coupons attached, all as the Governor, Comptroller of the
Treasury and Treasurer, or a majority of them, shall deter-
mine.

SEC. 4. And be it further enacted, That in order to provide
for the selling of the certificates of indebtedness aforesaid, to
be issued under the provisions of this Act, the Governor, Comp-
troller of the Treasury and the Treasurer of this State, or a
majority of them, are hereby directed to advertise twice a week
for four successive weeks before the said certificates of indebt-
edness, or any part thereof, shall be issued, in two newspapers
published in the City of Baltimore, that the Treasurer of this
State will be in readiness at a time within fifteen days after the
expiration of said notice to receive bids at such place or places
as may be named in said respective advertisements for bonds
or certificates of indebtedness issued under the provisions of
this Act, under such regulations as may be made in the discre-
tion of the Governor, Comptroller of the Treasury and Treas-
urer, or a majority of them; and the accrued interest between
the date of the bonds or certificates of indebtedness and the
time of sale and delivery of and payment for said bonds or
certificates of indebtedness shall be adjusted with the pur-
chaser thereof under such regulations as may be made in the
discretion of the Governor, Comptroller of the Treasury and
Treasurer, or a majority of them; and upon the day mentioned
in said advertisement as the day for opening the bids for the
proposals thereby called for, they shall receive such sealed pro-
posals for the purchase of as many of such bonds or certifi-
cates of indebtedness as may be mentioned or designated in
said advertisement; and on the opening of such sealed pro-
posals, as many of said bonds or certificates of indebtedness as
have been so bid for shall be awarded by the Governor, Comp-
troller of the Treasury and Treasurer, or a majority of them,
to the highest responsible bidder or bidders therefor for cash,
if the prices bid are adequate, in the judgment of the Gover-
nor, Comptroller of the Treasury and Treasurer, or a ma-
jority of them, and when two or more bidders have made the